voestalpine AG — Earnings Release 2003

Aug 18, 2003

News Details

Ad-hoc | 18 August 2003 07:39

voestalpine AG english

voestalpine significantly increased sales and result in the 1st quarter of 2003/ Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– voestalpine significantly increased sales and result in the 1st quarter of 2003/2004 Sales up 17.1% to more than EUR 1.1 billion – EBIT improved by 81.6% to EUR 74.8 million – For the total business year a further increase in sales and result is expected. Linz, August 18, 2003 (voestalpine) – In an economic environment that continued to be difficult, the voestalpine Group achieved a significant increase in sales and result in the 1st quarter of the 2003/2004 business year (April 1 to June 30, 2003), compared to the equal period of the previous year. Sales increased by 17.1% from EUR 972.1 million to EUR 1,138.4 million. The EBITDA (earnings before interest, taxes, depreciation and amortization) improved by 36.1% from EUR 108.2 million to EUR 147.3 million. The EBITDA margin is 12.9% compared to 11.1% in the first quarter of the previous financial year. The EBIT (earnings before interest and taxes) increased by 81.6% from EUR 41.2 to EUR 74.8 million. The EBIT margin thus improved from 4.2% to 6.6%. The result from ordinary activities amounted to EUR 80.1 million, thus rising by 394.4% over last year’s figure of EUR 16.2 million. The net income for the period was nearly fivefolded compared to the first quarter 2002/2003. It increased from EUR 10.5 million to EUR 51.0 million. end of ad-hoc-announcement (c)DGAP 18.08.2003 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München, Stuttgart; London 180739 Aug 03